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Massive Corp. is authorized to issue unlimited $0.60 nopar preferred shares and unlimited nopar common shares. There are 20,000 preferred and 60,000 common shares outstanding.

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Massive Corp. is authorized to issue unlimited $0.60 nopar preferred shares and unlimited nopar common shares. There are 20,000 preferred and 60,000 common shares outstanding. In a fiveyear period, annual dividends paid were $1,000. $5,000, $81,000, $5,000, and $162,000, respectively. Required: Calculate the amount of dividends that would be paid to each share class for each year under the following separate cases. Where applicable, the matching dividend per common share is $1.00. Case A Preferred shares are cumulative and nonparticipating. 4 Partial 5 Arrears Current Total $ 0 $ 0 $ 0 \fCase C Preferred shares are non-cumulative and fully participating. Participation is based on the relative number of shares outstanding. Year Total Paid Preferred Common 1 Current 2 Current 3 Current Matching Balance Total 4 Current 5 Current Matching Balance TotalCase D Preferred shares are noncumulative and partially participating up to an additional $0.60 per share. Participation is based on relative annual total base dividends. {Round allocation percentages values to nearest whole percent.) Current 2 Current 3 Current Matching Balance Total 4 Current 5 Current Matching Balance Total

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